This has precedent in the US, like when the government nationalized failing freight railroads and merged them into Conrail. But after the more recent bank and auto bailouts I wouldn't expect to see this happen again. The shareholders would really prefer to have money thrown at them but also keep their stake.

> But after the more recent bank and auto bailouts I wouldn't expect to see this happen again. The shareholders would really prefer to have money thrown at them but also keep their stake.

The auto bailouts did not feature shareholders having money thrown at them and keeping their stakes (GM and Chrysler shareholders, for instance, were almost completely wiped out in the bailout, with the new GM owned by the UAW and the US and Canadian governments; the new Chrysler was majority owned by Fiat with minority stakes held by an autoworkers pension fund and the US and Canadian governments.)

Bank bailouts were more protective of shareholders because they were mostly government purchase of distressed assets or extensions of credit,

Thanks for the context. Nuts that this is not seen as a strictly better outcome vs a bailout.